An insurer's ability to make unpredictable payouts to policyowners is called

When the direct method is used adjust cost to "market", what account is debited?

a) inventories b) cost of goods sold c) loss due to market decline of inventories d) allowance to reduce inventory to market value

Budgetary slack occurs when managers intentionally overstate expected revenues or understate expected expenses

Indicate whether the statement is true or false